SGGP
The German government has approved a 10-point plan to boost national development, notably a plan to reduce taxes by 7 billion EUR/year (7.6 billion USD/year) from 2024, or to push for early passage of a law to reduce bureaucracy to help save about 2.3 billion EUR/year (2.5 billion USD/year).
The important plan comes as Germany faces the threat of a weakening economy, high inflation and a looming recession. The plan states that fundamental modernization is the best way to make Germany stronger and more resilient economically and socially. The government also recognises that Germany is facing a number of problems, both old and new, including bureaucracy, slow planning and approval processes, a growing shortage of skilled workers, problems with digitalisation, energy transition, and declining competitiveness.
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